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First stop for first time buyers is Skipton BS

First stop for first time buyers is Skipton BS

Category: Mortgages

Updated: 29/06/2010
First Published: 29/06/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
As part of its restructuring of its mortgage suite, Skipton BS has improved its already leading deal for first time buyers.

The fixed rate mortgage now offers a rate of 6.99% for two years, with a maximum loan-to-value (LTV) of 95% and a reduced fee of £595.

Despite benefitting from one of the smaller reductions across the range, this product still holds the monopoly in this market, with Skipton BS being the only lender in the UK to offer a two year fixed rate 95% for first time buyers.

Although no incentives are offered, the £400 reduction to the fee will help those struggling with set up costs.

Four out of five Moneyfacts stars have been awarded.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.